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The GBPJPY achieves big gains – Forecast today – 12-2-2025
The GBPJPY pair succeeded to activate the bullish track, taking advantage of the stability of the major support at 187.00 to form many bullish waves by reaching the previously targeted barrier at 189.50.
Also, resuming the bullish attack this morning and recording additional gains by reaching 191.25 confirm its regain to the bullish bias, to expect getting positive momentum by stochastic to reach 192.30 level soon, followed by attempting to test the MA55 at 193.55.
The expected trading range for today is between 189.70 and 192.30
Trend forecast: Bullish
Platinum price forms minor bullish channel – Forecast today – 12-2-2025
Despite platinum price recent weak trades, forming minor bullish channel and its support line at 963.00$ stability allow us to keep the bullish overview that might target 1015.00$ level that represents the extension of the minor bullish channel’s resistance line, in addition to its consolidation near 61.8% Fibonacci correction level.
The risks of changing the bullish trend will appear in case the price formed strong decline below 950.00$ level, to confirm moving to the negative track and start targeting many negative stations by moving towards 936.00$ and 920.00$ levels.
The expected trading range for today is between 970.00$ and 1015.00$
Trend forecast: Bullish
Copper price faces solid resistance – Forecast today – 12-2-2025
Copper price surrendered to the solid resistance formed at 4.6900$ to form correctional bearish rebound and activate the attempts for the expected profit gaining by targeting 4.5200$ level.
Now, stochastic exit from the overbought areas will increase the negative pressures on the price to expect forming additional correctional waves that might push it to reach 4.4600$ and 4.4000$ levels.
The expected trading range for today is between 4.4600$ and 4.6400$
Trend forecast: Bearish
Ethereum price (ETHUSD) is under the negative pressure – Forecast today - 12-02-2025
Ethereum price (ETHUSD) returns to decline after testing the minor bearish channel’s support line, to move below 2600.00$ barrier now, falling under continuous negative support coming by the EMA50, to head towards achieving more expected decline in the upcoming sessions.
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